Core Insights - Evolution Petroleum Corporation has announced the initial results of its joint interest audit of its Barnett Shale properties and provided an update on its Chaveroo drilling results [1] Joint Interest Audit Results - In fiscal year 2024, Evolution conducted a joint interest audit of expenses charged by Diversified Energy Company for the years 2022-2023, with assistance from BRI Consulting Group [2] - The audit revealed that Evolution was overcharged, with approximately $1.8 million owed to the company for the period from September 2021 to December 2023, which will be recognized as a reduction in lease operating expenses and accounts payable in fiscal year 2025 [3] - The company plans to continue exercising its rights under the joint operating agreement for future audits [3] Chaveroo New Drill Wells Update - The recent four wells at Chaveroo have exceeded expectations, continuing to perform well after more than 50 days of production, following initial reports of being completed on schedule and under budget [5] Company Overview - Evolution Petroleum Corporation is an independent energy company focused on maximizing shareholder returns through ownership and investment in onshore oil and natural gas properties in the U.S., aiming to maintain a diversified portfolio through acquisitions and production enhancements [6]